Search found 586 matches

by camillus
Sun May 26, 2019 4:44 am
Forum: Investing - Theory, News & General
Topic: Fidelity Report on 401k Balances
Replies: 6
Views: 1267

Re: Fidelity Report on 401k Balances

My employer offers a 403b through Voya. The default investment for an employee is a Voya target date fund with an ER around 80 basis points. Meanwhile, 4 funds are offered elsewhere in the 403b from Fidelity (large cap, extended, bond) and DFA (real estate) with average ER of 3 basis points along wi...
by camillus
Fri May 03, 2019 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Please Critique our Budget
Replies: 28
Views: 2400

Re: Please Critique our Budget

If you are a good realtor, you might consider picking up a rental property.
by camillus
Fri May 03, 2019 4:06 am
Forum: Personal Finance (Not Investing)
Topic: Planning ahead for Charitable Funding Bunching - Risk
Replies: 2
Views: 300

Re: Planning ahead for Charitable Funding Bunching - Risk

I would definitely use taxable investments to fund the Donor Advised Fund. Why not? You could then use your savings to buy the same investments but shore up your appreciation. Regarding risky investments, I'm not sure if I would dabble in that. Just keep it simple. Doing this would add a lot of comp...
by camillus
Mon Apr 29, 2019 11:59 pm
Forum: Personal Investments
Topic: too many fund portfolios
Replies: 7
Views: 919

Re: too many fund portfolios

No, it does not make sense. Many financial advisors try to "demonstrate their value" by creating unnecessarily complicated portfolios. Perhaps the most popular portfolio on this message board is the three fund portfolio. You will likely come out ahead if you fire your financial advisor and invest in...
by camillus
Mon Apr 29, 2019 11:57 pm
Forum: Personal Investments
Topic: How to specify investment direction at Fidelity HSA
Replies: 10
Views: 785

Re: How to specify investment direction at Fidelity HSA

Hi CostalWinds, I can't answer your question, but I'm sure a friendly customer service rep is standing by at Fidelity to do so :happy
by camillus
Mon Apr 29, 2019 10:25 pm
Forum: Personal Investments
Topic: What Is Our Best Option for Retirement?
Replies: 11
Views: 1695

Re: What Is Our Best Option for Retirement?

Sorry for my hasty first reply. Bill, it looks like you are correct. OP's spouse could fund a traditional IRA with a deductible contribution, but OP could not.
by camillus
Mon Apr 29, 2019 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: I'm not going to run out
Replies: 62
Views: 8939

Re: Retirees: I'm not going to run out

For the bogleheads crowd, as long as they have all their faculties, I would say that there are many options and decisions that take place before one "runs out of money." There are "levers to pull" as was mentioned above: decrease spending, reverse mortgage, revise expectations re inheritances, etc. ...
by camillus
Mon Apr 29, 2019 8:54 pm
Forum: Personal Investments
Topic: What Is Our Best Option for Retirement?
Replies: 11
Views: 1695

Re: What Is Our Best Option for Retirement?

Quickly: Solo 401k Two IRAs Taxable Pay off car loan, because why? One of the main issues, psychologically/emotionally, you will encounter is going from a huge cash pile to putting a large portion of your money at risk in the stock market. People have thoughts about dollar cost averaging vs investin...
by camillus
Mon Apr 29, 2019 7:55 pm
Forum: Personal Investments
Topic: Best Donor Advised Fund that is NOT a bank/wirehouse?
Replies: 25
Views: 1425

Re: Best Donor Advised Fund that is NOT a bank/wirehouse?

Yes. A DAF is NOT an investment vehicle. Once the money goes into the DAF it is no longer your money. Many on this forum have DAFs, and many of thembwill tell you they don't "store" the money there. In. Then out. I have been funding my DAF each year with a year's worth of donations from a stash of ...
by camillus
Mon Apr 29, 2019 7:41 pm
Forum: Personal Consumer Issues
Topic: out of network emergency visits. Huge bill!!!
Replies: 73
Views: 6454

Re: out of network emergency visits. Huge bill!!!

This happened on this past Saturday? In my experience, including family ER visits there’s no rush to settle anything. I’d let the bills wind their way through insurance- explanation of benefits, I believe tells you in writing what will be covered. Should take a month.Then wait for the bills from th...
by camillus
Sun Apr 28, 2019 2:27 am
Forum: Personal Investments
Topic: Best Donor Advised Fund that is NOT a bank/wirehouse?
Replies: 25
Views: 1425

Re: Best Donor Advised Fund that is NOT a bank/wirehouse?

Married? MFJ? Your spouse could open an account at Fidelity or Schwab :happy
by camillus
Sat Apr 27, 2019 9:46 pm
Forum: Personal Consumer Issues
Topic: weber grills
Replies: 34
Views: 3015

Re: weber grills

I don't know the model number, but I have a three (and a half) burner Weber Spirit, with a side burner. I have: fried wings in oil on the side burner outside to keep the smell out of the house boiled brats on the side burner then transferred to grill slow cooked ribs over 1.5 hours, tasty loaded up ...
by camillus
Sat Apr 27, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with this car?
Replies: 7
Views: 872

Re: What to do with this car?

If donating your car is on the table, I would google "donate care [your city]" and pick a cause you'd like to support.
by camillus
Fri Apr 19, 2019 10:13 pm
Forum: Personal Investments
Topic: The Final Definitive Thread on Best Brokerage
Replies: 18
Views: 1784

Re: The Final Definitive Thread on Best Brokerage

Fidelity has the best HSA Fidelity has a more accessible DAF than Vanguard Fidelity has storefronts with free coffee Fidelity has best-in-class customer service Fidelity has no-fee mutual funds and access to commission free ETFs, like ishares Shots fired. No disrespect to Jack. I believe he accompli...
by camillus
Fri Apr 19, 2019 8:00 pm
Forum: Investing - Theory, News & General
Topic: Home equity as % of AA
Replies: 41
Views: 3151

Re: Home equity as % of AA

As you can see from above, there are many different rationalizations and explanations. Ultimately, your AA is a gut decision that you have to live with. I prefer to keep things simple, and do not reckon my home equity in my AA.
by camillus
Fri Apr 19, 2019 7:20 pm
Forum: Personal Investments
Topic: Investing in 529
Replies: 13
Views: 1199

Re: Investing in 529

For what it's worth, this is what I do. Two young kids. Underfund 529 (prioritize other vehicles). Invest in equities. If returns are good, gains are tax-free. If returns are poor, my 401k is somewhat protected having held all my bonds. My tax bracket in retirement would likely be lower in this situ...
by camillus
Fri Apr 19, 2019 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card for College Freshman
Replies: 50
Views: 2197

Re: Best Credit Card for College Freshman

Yes, getting rewards is not the priority. What might be best is to get a card that is issued by the bank that holds his checking. Just keep it simple. One log in.
by camillus
Fri Apr 19, 2019 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing credit card airline points
Replies: 79
Views: 3941

Re: Optimizing credit card airline points

To keep things very simple, I would just work down the list of "best credit cards" at doctor of credit: https://www.doctorofcredit.com/best-current-credit-card-sign-bonuses/ This might not be the most optimal process, but you would be gaining points very rapidly while you were learning how to do thi...
by camillus
Wed Apr 17, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: What I don’t understand about Donor Advised Funds...
Replies: 57
Views: 4784

Re: What I don’t understand about Donor Advised Funds...

One thing you can do is to "super fund" your DAF - say 150% of your planned giving, and invest it to accomplish some part of your asset allocation per it's tax free benefits.
by camillus
Mon Apr 15, 2019 10:48 am
Forum: Personal Finance (Not Investing)
Topic: When should i invest in my taxable account?
Replies: 6
Views: 976

Re: When should i inevest in my taxable account?

Here's maybe the easiest: direct deposit into checking bill pay from checking keep a certain amount in checking for liquidity transfer from checking to IRAs & Taxable account transfer from checking to savings account, stop at a certain balance (~30k) Question: Why have a savings account in the first...
by camillus
Sun Apr 14, 2019 1:31 pm
Forum: Personal Consumer Issues
Topic: Mower purchase considerations
Replies: 24
Views: 2611

Re: Mower purchase considerations

I have a corded mower. I also have the nicest lawn on the block.

Managing the cord is just a matter of learning the best pattern for your lawn. A corded mower is light enough to be pretty nimble. I often mow one handed and push the mower up a row and pull it down the next.

Nice choice.
by camillus
Sat Apr 13, 2019 8:35 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 6709

Re: Soon to be dad, how to prepare

Take a baby moon.

Figure out how to monetize breastmilk production.
by camillus
Sun Apr 07, 2019 1:56 am
Forum: Personal Finance (Not Investing)
Topic: Standard Deduction vs Itemizing - Experience this year
Replies: 52
Views: 5501

Re: Standard Deduction vs Itemizing - Experience this year

With the new tax laws, I am itemizing every other year. I am utilizing a Donor Advised Fund so that in years that I itemize, I can deduct almost two years worth of charitable contributions. I am a bit under the $10K SALT limit in a normal year, but since the property tax bills are issued in the fal...
by camillus
Sat Apr 06, 2019 7:14 pm
Forum: Personal Consumer Issues
Topic: Eye glasses - cheaper alternates
Replies: 45
Views: 3233

Re: Eye glasses - cheaper alternates

I find buying glasses online is quite empowering. You have to learn about your prescription and also the size of the frames that fit you well. Afterwards it doesn't make sense to go to a store and pay 4x or more for someone else to fit something to you. Also, buying online allows you to make more st...
by camillus
Sat Apr 06, 2019 1:56 pm
Forum: Personal Investments
Topic: newbie, large bonuses-pay down mortgage or invest?
Replies: 15
Views: 1709

Re: newbie, large bonuses-pay down mortgage or invest?

You need to learn about investing. Consider that an hour spent learning about investing, even by just reading the wiki here, could pay you back 10s of thousands of dollars. Or, your lack of knowledge with your current income and net worth is one of your largest annual expenses :shock:
by camillus
Sat Apr 06, 2019 5:52 am
Forum: Personal Investments
Topic: Fidelity Full View?
Replies: 32
Views: 3250

Re: Fidelity Full View?

Question: How does Fidelity full view compare to Personal Capital?
by camillus
Sat Apr 06, 2019 1:39 am
Forum: Personal Investments
Topic: traditional or roth IRA
Replies: 20
Views: 1040

Re: traditional or roth IRA

So, i think ill stick it in a traditional. Any recommendations on what i should buy? My two thoughts are VLXVX - Vanguard Target Retirement target 2065 and VTSAX total stock market In my opinion, either would be fine. I would put it in the target retirement fund until you get around to learning a b...
by camillus
Fri Apr 05, 2019 11:18 pm
Forum: Investing - Theory, News & General
Topic: FIDO Zero Funds losing to Vanguard?
Replies: 58
Views: 7066

Re: FIDO Zero Funds losing to Vanguard?

To me, the $0 minimum investment is a much bigger story than the ER dropping to zero. This is so nice. I'm just starting some taxable investing after filling up tax advantaged space. I opened a brokerage at Fidelity and a few times a month contribute extra cash to FZROX. It's just plain easy & it w...
by camillus
Fri Apr 05, 2019 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Breast Milk - 1099-MISC SCH C or Line 21?
Replies: 40
Views: 3833

Re: Selling Breast Milk - 1099-MISC SCH C or Line 21?

Doesn't your wife require significantly increased caloric intake to generate milk? Perhaps you should deduct a portion of your grocery bill.

Are there any special perks for considering this as farm income?

(I work in a NICU, thank you)
by camillus
Fri Apr 05, 2019 8:53 pm
Forum: Investing - Theory, News & General
Topic: Those who view everything as one portfolio - how do you determine allocations and how "funded" different goals are?
Replies: 28
Views: 2279

Re: Those who view everything as one portfolio - how do you determine allocations and how "funded" different goals are?

Just a few notes: 1) Personally, I have a wonderful local credit union that pays 3% on cash up to solid 5 figures between two joint accounts. One of our goals is to keep these accounts maxed out. Over the past few years we have used YNAB (budgeting app), and now have a good sense of expenses. 2) Oth...
by camillus
Mon Apr 01, 2019 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: anyone use Bluebird?
Replies: 10
Views: 874

Re: anyone use Bluebird?

My experience with bluebird is several years old, from manufactured spending. At that time I thought the interface was pretty slick.

However, you might be able to accomplish the same thing with:
1) envelope with cash
2) creating another authorized user with one of your current credit card accounts
by camillus
Sat Mar 30, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep own set of banking ledgers?
Replies: 38
Views: 1619

Re: Should I keep own set of banking ledgers?

Quicken, MS Money, Gnucash, Mint, YNAB, etc All these are effectual “ledgers” I am a millennial and keep a zero based budget “ledger” with YNAB. I pay YNAB something like $100 bucks/yr to write all of my transactions into its own fancy spreadsheet. I review & reconcile to all of my accounts. My wife...
by camillus
Fri Mar 29, 2019 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Passed Over For Promotion for Being too Good at My Job
Replies: 55
Views: 5782

Re: Passed Over For Promotion for Being too Good at My Job

There's a basic human reaction - you believe someone took from you something that should be yours. My 1-year-old can identify. I don't mean to trivialize what you are going through. There is an issue of respect going on. You are very productive, but your management seems to want to "placate" you. Th...
by camillus
Fri Mar 29, 2019 11:51 am
Forum: Personal Investments
Topic: Today I turned 30, and I woke up wanting to better my financial future!
Replies: 46
Views: 4836

Re: Today I turned 30, and I woke up wanting to better my financial future!

I would double check to see if your wife’s 401k can receive traditional/deferred contributions. You need somewhere to save for retirement pre-tax.
by camillus
Thu Mar 28, 2019 11:31 pm
Forum: Personal Investments
Topic: Guaranteed 3% for the next 20 years or take a chance on the market?
Replies: 13
Views: 2571

Re: Guaranteed 3% for the next 20 years or take a chance on the market?

If the choices are A: strange employer plan and B: everything else. I would go with B.

If they wanted to invest it themselves they would have a lot of decisions, like asset allocation, etc.

OR, they could purchase an annuity.
by camillus
Thu Mar 28, 2019 10:48 pm
Forum: Personal Consumer Issues
Topic: I drive 8000 miles a year, what car do you recommend?
Replies: 39
Views: 3405

Re: I drive 8000 miles a year, what car do you recommend?

Hello everyone. I have a 2007 Prius that has 155K miles on it. Edmunds values it at $750, so when something goes wrong I will probably buy a new car. What do you recommend for someone who wants a safe car without frills? It is for work commuting and shopping. I rarely have more than one passenger. ...
by camillus
Thu Mar 28, 2019 10:40 pm
Forum: Personal Investments
Topic: Allocation for Those Late to the Party
Replies: 76
Views: 3566

Re: Allocation for Those Late to the Party

You are on the right track. With home equity, hard work ethic, good income, determination to save & invest aggressively and wisely, social security, you will be just fine.

I also donate to charity, which isn't always well received around here.
by camillus
Thu Mar 28, 2019 10:25 pm
Forum: Personal Investments
Topic: Today I turned 30, and I woke up wanting to better my financial future!
Replies: 46
Views: 4836

Re: Today I turned 30, and I woke up wanting to better my financial future!

It would be uncommon to offer a Roth 401k without also simply offering a Traditional/Deferred option to the 401k. What I am looking for for you is tax-deferred space. If you don't have access to a Traditional 401k, you might want to consider a change in strategy, like making traditional/deferred con...
by camillus
Thu Mar 28, 2019 9:46 pm
Forum: Personal Investments
Topic: Today I turned 30, and I woke up wanting to better my financial future!
Replies: 46
Views: 4836

Re: Today I turned 30, and I woke up wanting to better my financial future!

I would also research what options your wife has at work. Is it only Roth 401k, or deferred/traditional also? What funds are offered there? I would max out her 2018 Roth IRA. After that, I would look at a few things: 1) Is it better in your situation to invest in Roth or traditional-deferred account...
by camillus
Thu Mar 28, 2019 9:29 pm
Forum: Personal Investments
Topic: Allocation for Those Late to the Party
Replies: 76
Views: 3566

Re: Allocation for Those Late to the Party

Researching a solo 401k is your #1 priority. Your wife's 401k is also worth a second look. The funds might be horrible, but you have to count that against the tax savings at your marginal tax bracket (24%?) - along with a short time horizon. When your wife stops working, you can roll that into her t...
by camillus
Thu Mar 28, 2019 8:47 pm
Forum: Personal Investments
Topic: Should I sign up with a brokerage with a local branch?
Replies: 34
Views: 1397

Re: Should I sign up with a brokerage with a local branch?

For what it's worth, Schwab and Fidelity are purported to have better online/phone customer service than Vanguard. So if you wanted a better online experience, you might consider them first. It's a bonus that they also have local branches. I'm in the process of switching things to Fidelity from VG.
by camillus
Thu Mar 28, 2019 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Is our household budget crazy?
Replies: 141
Views: 12434

Re: Is our household budget crazy?

If you are interested in reducing your food budget, it might be worth looking into how much food waste you are generating. When my family started budgeting, we found that we wasted less food. We kept a pretty good inventory of what needed to be eaten when. You don't need to worry about this for your...
by camillus
Thu Mar 28, 2019 8:23 pm
Forum: Personal Investments
Topic: Allocation for Those Late to the Party
Replies: 76
Views: 3566

Re: Allocation for Those Late to the Party

Thanks for the welcome, and advice. We are going to save 15% because we are also doubling our mortgage payment at the same time, so we can't afford 20% savings on top of that. Once we retire, we will move to a less costly state, as we are in the north east now, and it's tax and spend. You should st...
by camillus
Tue Mar 26, 2019 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with debts and upcoming events, what are my options?
Replies: 51
Views: 4370

Re: Struggling with debts and upcoming events, what are my options?

Get Total Money Makeover from the library and study it with your husband.
by camillus
Tue Mar 26, 2019 6:01 pm
Forum: Personal Investments
Topic: How do you rebalance across Roth and Traditional Acounts?
Replies: 29
Views: 1950

Re: How do you rebalance across Roth and Traditional Acounts?

Aren't the assets within IRAs, Roth and Traditional, totally fungable? ie, one day you can hold international equities in your Roth and fixed income in your traditional IRA, and the next day you can switch. The day after that, switch back? What seems to matter is the difference in balances of the ac...
by camillus
Tue Mar 26, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Q: Family Responsibility for Deceased Brother Auto Accident Prior to Death
Replies: 57
Views: 4630

Re: Q: Family Responsibility for Deceased Brother Auto Accident Prior to Death

How to deal with this: absolutely ignore it. Do not respond to any phone calls from the insurance company. Keep a few thousand dollars in a checking account. Keep the old clunker parked for six months. After six months - not having received anything in the mail - liquidate everything.
by camillus
Mon Mar 25, 2019 12:20 pm
Forum: Personal Consumer Issues
Topic: Adjustable dumbbell recommendations
Replies: 65
Views: 3364

Re: Adjustable dumbbell recommendations

stoptothink wrote:
Mon Mar 25, 2019 11:25 am
farmer's walk straps https://www.gopherperformance.com/stren ... alk-straps.
Those are sweet!
by camillus
Mon Mar 25, 2019 11:15 am
Forum: Personal Consumer Issues
Topic: Adjustable dumbbell recommendations
Replies: 65
Views: 3364

Re: Adjustable dumbbell recommendations

A lot of responses all over the map here. Aside from some a couple jabs at people trying to learn, it's a good discussion for the most part. I'd like to see the end result of all this. I think craigslist will be the end result: The OP will dump whatever they buy on craigslist after not using them m...
by camillus
Mon Mar 25, 2019 11:10 am
Forum: Personal Consumer Issues
Topic: Adjustable dumbbell recommendations
Replies: 65
Views: 3364

Re: Adjustable dumbbell recommendations

I'm looking to lift just occasionally to maintain muscle mass. Before jumping to dumbbells, you could consider if other equipment could (better) meet your goals. Examples would be bands, or a small barbell set. The shortcoming of dumbbells is that they might not be the most efficient & effective wa...
by camillus
Mon Mar 25, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Primer on Paying Taxes With a Credit Card
Replies: 51
Views: 6097

Re: Primer on Paying Taxes With a Credit Card

I have not tried this before since I was using a 2% travel card (CapitalOne Venture) and so the 1.87% fee didn't provide much of a rate spread. But now I have the BofA Premium Rewards card with the 2.625% cash back. The problem is that my federal + state quarterly tax payment is about three times m...